XML 99 R90.htm IDEA: XBRL DOCUMENT v3.23.1
Other Insurance Liabilities and Separate Accounts - Adjustments Resulting From Applying New Accounting Standard (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Condensed Consolidated Statement of Operations:        
Benefit costs $ 71,073 $ 64,188 $ 55,679  
Operating expenses 38,212 37,021 35,135  
Total operating costs 314,513 278,801 254,795  
Operating income 7,954 13,310 13,911  
Income before income tax provision 5,836 10,537 9,770  
Income tax provision 1,509 2,548 2,569  
Income from continuing operations 4,327 7,989 7,201  
Net income 4,327 7,989 7,192  
Net income attributable to CVS Health $ 4,311 $ 8,001 $ 7,179  
Basic earnings per share:        
Income from continuing operations attributable to CVS Health (in dollars per share) $ 3.29 $ 6.07 $ 5.49  
Net income attributable to CVS Health (in dollars per share) 3.29 6.07 5.48  
Diluted earnings per share:        
Income from continuing operations attributable to CVS Health (in dollars per share) 3.26 6.02 5.47  
Net income attributable to CVS Health (in dollars per share) $ 3.26 $ 6.02 $ 5.46  
Condensed Consolidated Balance Sheet:        
Other current assets $ 2,636 $ 5,319    
Total current assets 65,633 60,035    
Intangible assets, net 24,803 29,052    
Total assets 228,275 233,052    
Health care costs payable 10,142 8,678    
Other insurance liabilities 1,089 1,345    
Total current liabilities 69,421 67,719    
Deferred income taxes 4,016 6,115    
Other long-term insurance liabilities 5,835 7,235    
Other long-term liabilities 6,730 1,907    
Total liabilities 156,506 158,211    
Retained earnings 56,398 54,997    
Accumulated other comprehensive income (loss) (1,264) 334    
Total CVS Health shareholders’ equity 71,469 74,535    
Total shareholders’ equity 71,769 74,841 $ 69,701 $ 64,170
Total liabilities and shareholders’ equity 228,275 233,052    
Condensed Consolidated Statement of Cash Flows:        
Depreciation and amortization 4,224 4,486 4,441  
Deferred income taxes (2,029) (402) (570)  
Other assets (491) (30) 364  
Health care costs payable and other insurance liabilities 992 101 (231)  
Other liabilities 6,463 2,856 $ 2,740  
As Reported        
Condensed Consolidated Statement of Operations:        
Benefit costs 71,281 64,260    
Operating expenses   37,066    
Total operating costs 314,721 278,918    
Operating income 7,746 13,193    
Income before income tax provision 5,628 10,420    
Income tax provision 1,463 2,522    
Income from continuing operations 4,165 7,898    
Net income 4,165 7,898    
Net income attributable to CVS Health $ 4,149 $ 7,910    
Basic earnings per share:        
Income from continuing operations attributable to CVS Health (in dollars per share) $ 3.16 $ 6.00    
Net income attributable to CVS Health (in dollars per share) 3.16 6.00    
Diluted earnings per share:        
Income from continuing operations attributable to CVS Health (in dollars per share) 3.14 5.95    
Net income attributable to CVS Health (in dollars per share) $ 3.14 $ 5.95    
Condensed Consolidated Balance Sheet:        
Other current assets $ 2,685 $ 5,292    
Total current assets 65,682 60,008    
Intangible assets, net 24,754 29,026    
Total assets 228,275 232,999    
Health care costs payable 10,406 8,808    
Other insurance liabilities 1,140 1,303    
Total current liabilities 69,736 67,807    
Deferred income taxes 3,880 6,270    
Other long-term insurance liabilities 6,108 6,402    
Other long-term liabilities 6,732 1,904    
Total liabilities 156,960 157,618    
Retained earnings 56,145 54,906    
Accumulated other comprehensive income (loss) (1,465) 965    
Total CVS Health shareholders’ equity 71,015 75,075    
Total shareholders’ equity 71,315 75,381    
Total liabilities and shareholders’ equity 228,275 232,999    
Condensed Consolidated Statement of Cash Flows:        
Depreciation and amortization 4,247 4,512    
Deferred income taxes (2,075) (428)    
Other assets (566) (3)    
Health care costs payable and other insurance liabilities 1,247 169    
Other liabilities 6,468 2,852    
Adjustments        
Condensed Consolidated Statement of Operations:        
Benefit costs (208) (72)    
Operating expenses   (45)    
Total operating costs (208) (117)    
Operating income 208 117    
Income before income tax provision 208 117    
Income tax provision 46 26    
Income from continuing operations 162 91    
Net income 162 91    
Net income attributable to CVS Health $ 162 $ 91    
Basic earnings per share:        
Income from continuing operations attributable to CVS Health (in dollars per share) $ 0.13 $ 0.07    
Net income attributable to CVS Health (in dollars per share) 0.13 0.07    
Diluted earnings per share:        
Income from continuing operations attributable to CVS Health (in dollars per share) 0.12 0.07    
Net income attributable to CVS Health (in dollars per share) $ 0.12 $ 0.07    
Condensed Consolidated Balance Sheet:        
Other current assets $ (49) $ 27    
Total current assets (49) 27    
Intangible assets, net 49 26    
Total assets 0 53    
Health care costs payable (264) (130)    
Other insurance liabilities (51) 42    
Total current liabilities (315) (88)    
Deferred income taxes 136 (155)    
Other long-term insurance liabilities (273) 833    
Other long-term liabilities (2) 3    
Total liabilities (454) 593    
Retained earnings 253 91    
Accumulated other comprehensive income (loss) 201 (631)    
Total CVS Health shareholders’ equity 454 (540)    
Total shareholders’ equity 454 (540)    
Total liabilities and shareholders’ equity 0 53    
Condensed Consolidated Statement of Cash Flows:        
Depreciation and amortization (23) (26)    
Deferred income taxes 46 26    
Other assets 75 (27)    
Health care costs payable and other insurance liabilities (255) (68)    
Other liabilities $ (5) $ 4